Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: BigBull who wrote (53959)	11/3/1999 9:35:00 PM
From: Roebear	Read Replies (2) of 95453

BigBull, I'm not trying to rain on your parade, I agree with you long term. Over the next week or two however, the rising wedge the OSX is forming, its 50 DMA turning down, the lack of response to bullish news and the market apprehension over bearish news, upcoming OPEC meeting, $$$ going to SOX and techs, all seem to point to any rally being capped here at the 50 DMA for awhile. Short term I lean toward OSX breaking down one more time. Otherwise, I'm bullish as heck VBG. Then its winter and BOOM 2K Party "cake icing" time and all the fundamentals you have shown can work. In the S/T its sentiment that pulls the trigger on the buys and oils just are not hot enough or cheap enough to get the market excited yet, plus the big boys have to get their OSX stocks cheap as usual. Roebear

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